UK Treasury picks six banks to lead first digital gilt issuance
- —Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC named joint lead managers
- —Issuance targeted for the end of Q1 2027
- —Bond will run on HSBC's Orion distributed ledger platform
- —Pilot operates inside the Digital Securities Sandbox, separate from standard DMO gilt operations
Why it matters: The UK's first tokenized sovereign bond sets a template for G7 peers and could accelerate institutional tokenization of government debt.
Source: Crypto Briefing